Oasis is an asset management company in South Africa. It has found that there is a three-in-five chance that a general equity unit trust fund will perform better than the overall JSE share index over any one-year period. Seven general equity unit trust funds are randomly selected from general equity unit trust funds. For 150 general equity unit trust funds, what is the expected number of general equity unit trust funds that will perform better than the overall JSE share index (rounded off to zero decimals)?  D. 120 A. 150  B. 50  C. 90

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Oasis is an asset management company in South Africa. It has found that there is a three-in-five chance that a general equity unit trust fund will perform better than the overall JSE share index over any one-year period. Seven general equity unit trust funds are randomly selected from general equity unit trust funds. For 150 general equity unit trust funds, what is the expected number of general equity unit trust funds that will perform better than the overall JSE share index (rounded off to zero decimals)?

  •  D. 120 A. 150
  •  B. 50
  •  C. 90
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